2015 (11) TMI 1783

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.... Appellant. Shri G.R. Singh, DR, for the Respondent. ORDER Brief facts of the case are that the appellant is engaged in the manufacture of FRP Rods, Indo-flex, Ripcord, Binding yarn, falling under Chapters 39, 70 and 56 of the Schedule to the Central Excise Tariff Act, 1985. The appellant avails Cenvat credit of Central Excise duty paid on inputs and capital goods used in or in relation t....

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.... penalty confirmed in the adjudication order was upheld by the ld. Commissioner (Appeals) vide the impugned order dated 8-5-2014. 2. Heard the ld. Counsel for both the sides and perused the records. 3. On plane reading of Rule 14 of the Cenvat Credit Rules, 2004, it reveals that in the eventuality, when the credit has been taken or utilized wrongly, the said statutory provision can....